The Italian designer, known for his classically elegant lines and muted colors in clothes, said consolidated revenues rose 1.5 percent to 1.62 billion euros.

Armani opened 50 new stores last year, bringing the group's retail network to 539 stores.

Armani, who has also expanded to chocolates and hotels, has several brands including Armani Junior, Armani Jeans and Emporio Armani, for which soccer player David Beckham and his Spice Girl wife Victoria have modeled underwear.

Victoria this week unveiled a new image for the Emporio Armani women's underwear campaign, that sees her posing in a lacy bra and panties against a wall, her hair tied high up and her eyes darkly rimmed.